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Originally Posted by International Finance Jewry
 Kill me viz a knife Moishe! Zhe Nazi Russians don't vant to accept our loans! Soon zhey vill be out of debt to our international usury schemes! And zhey jast auctioned off Yukos, Vhich used to belong to our good Jewisches Mensch Khordokovsky! Oy vot can ve do, G-d help uns. |
http://www.huliq.com/21549/russias-2...historical-low
Russia's state debt in 2008 will total 8.5% of the gross domestic product (GDP) and will be the lowest in the country's history, the finance minister said Monday.
"The state debt [in 2008] will be the lowest in the history of the Russian Federation, totaling 8.5% of GDP," Alexei Kudrin said at a parliament session.
Kudrin said debt to GDP ratio was considerably higher in other countries, totaling about 60% in the United States and 100% in Italy.
The Russian government is seeking to replace funds raised on world capital markets with domestic borrowing to provide guarantees for investment in Russia, Kudrin said.
The finance ministry earlier said the proportion of foreign debt in Russia's state liabilities would fall to 53.5% in 2007, to 47.2% in 2008, and to 42.6% in 2009.
Inflation in Russia will stay within the projected range of 7.0-8.0% in 2007 but higher world oil prices or larger capital inflow could generate the risks of the ruble's appreciation by 1-2% above targets, Kudrin said.
The finance minister said that in its monetary policy guidelines Russia's Central Bank outlined the ruble's appreciation within the range of 0-10% in the next three years, adding that the national currency had gained about 4% against the dollar/euro basket since the beginning of 2007.
Russia's federal budget posted a surplus of an estimated 539 billion rubles (about $21 billion) in January-April 2007, the finance minister said. - RIA Novosti
http://www.thedesertsun.com/apps/pbc.../1238/business
Russia's industrial base, including its vast mining interests, which had been sold by Yeltsin to his cronies for a fraction of their real worth, was taken back by the central government. [Sieg Heil!
]
Also included in this democratic unraveling was the bulk of the Russian media, now state-controlled. Even the global multi-national energy conglomerates have recently been bought out or left with minority positions.
In 2000, Putin's first full year, Russia's real gross domestic product grew by 10percent and has averaged over six percent annually since then. This puts Russia way ahead of the growth rate in the U.S. and the laggard European Union's 27 members.
Even Russia's retail trade, which was of little consequence during the Soviet, or the preceding Imperial periods, has averaged a gain of over 12 percent annually during Putin's six and one half year power reign.
Russia's overall economy has greatly enhanced its cash position.
That country has practically repaid its International Monetary Fund debt, and trails only the Southeast Asian dynamos, China and Japan in foreign currency reserves, exceeding $250 billion.